The more upbeat forecast for 2020 is largely due to President Trump’s trade war easing with China and the stimulus from 49 central banks, including the Federal Reserve, that lowered interest rates in recent months. AD“The reality is global growth remains sluggish,” Georgieva said Monday. Business investment dried up last year as executives sat on their cash to see what would happen with the trade war. ADADMore business spending and a rebound in global growth should help boost manufacturing, which was in a mild recession last year in the United States and other countries. The United States is enjoying the longest expansion in its history, lasting 11 years.

Source: Washington Post January 20, 2020 13:01 UTC